Description
Questions are only from Chapter 10、11、13、14of the book,750words
You are the co-founder of a technology company based in Shanghai that develops software for the banking industry. You get feedback from potential clients in the banking industry including some large Chinese banks that the product is great, and they want to purchase from you. However, you do not have a team, employees, or a prestigious office location to work from. You do not have the computers to expand and meet growth opportunities. Your business partner has asked you to find money for the business.
(a) Describe and explain to your business partner ALL the methods for getting financing for your venture.
(b) In your answer advise what you think is best for this specific start-up venture and why?
You must have examples to support your arguments! 750word in total. You must relate to the book
Use this link to get The book ,Questions are only from Chapter 10、11、13、14of the book
Explanation & Answer
Hello, can u extend the time a little more. I am in the word limit of 400 right now. I still need to answer question b
Sorry for the delay. Do u need me to reference the book ?
The methods for financing could be personal financing which includes personal funds
Eg: personal savings or credit or funds gained from friends and family. These investments
can be taken in the form of loans or investments. In this situation, computers can be taken as
a form of gifts from friends or family or a place to start the business can be provided for a
compensated rental price by family or friends. When these methods are not an option
“Bootstrapping” where the funds necessary as investments for the business can be minimized
using various strategies such as “cutting- off the cost of buying brand new computers. Instead
of buying used computers”, hiring interns so that reducing the amount needed to pay as
salaries for the team membe...